Jump to content
Create New...
  • Drew Dowdell
    Drew Dowdell

    Rumorpile: Is Nissan Preparing to Announce Huge Job Cuts?

      ...as profits plummet, job huge job cuts could be coming...

    Rumor has it that that Nissan is about to report that its first-quarter profit fell by nearly 90%. Nissan has yet to recover from the financial scandal caused by Carlos Ghosn.  Additionally, years of chasing volume over profits in the U.S. has damaged the brand, requiring heavy discount and cheap financing to move metal. Investors are also worried that the alliance with Renault is breaking down.  Friction with France's Renault over the failed merger with Fiat-Chrysler Automobiles has brought tensions between the two companies to an all-time high.

    Reports are that due to the falling profits, Nissan will be cutting up to 10,000 jobs, primarily in Asia and South America.  In doing so, Nissan would join the ranks of Mercedes-Benz, Ford, Honda, and others with global layoffs in the five digit range. Nissan/Infiniti sales in the US are down 8.9 percent year to date as of June. 

    User Feedback

    Recommended Comments

    Welcome to the global recession start. Expect job cuts in many countries world wide of basic worker assembly line jobs to manual labor day jobs. 

    Time for the world to take a break and focus on reduction of debt. This is going to hurt many.

    • Agree 1
    Link to comment
    Share on other sites

    3 hours ago, dfelt said:

    Welcome to the global recession start. Expect job cuts in many countries world wide of basic worker assembly line jobs to manual labor day jobs. 

    Time for the world to take a break and focus on reduction of debt. This is going to hurt many.

    A LOT of companies can stand to reduce debt, especially financial ones.  Our Government(s) too could stand a debt diet.

    Link to comment
    Share on other sites

    7 hours ago, daves87rs said:

    Would suck for sure. Wanna see them recover and keep fighting here....

     

    It is the start of very tough times for all....

    They would need to improve their infotainment systems (especially at Infiniti) first.

    As for the question posed: Absolutely they will announce big job cuts.  Shareholders are never satisfied until all revenue = profits.

    • Agree 1
    Link to comment
    Share on other sites

     

    17 hours ago, loki said:

    the best thing they have is the VC turbo....and the seats?

    I wasn't that impressed with the VC Turbo, but it's main claim to fame is that it's supposed to get really good fuel economy when cruising but greater power when accelerating hard. I didn't get enough time with it to test that. 

    Link to comment
    Share on other sites

    BBC is reporting that Nissan has finalized the cuts as 12,500 jobs globally on top of assembly plant closures. 6,400 lay offs have already happened at eight locations. The rest will be done by the end of the year. They also plan to shed an additional 6,100 global jobs between 2020 and 2022 at six additional locations.

    https://www.bbc.com/news/business-49109307

    This is in addition to reporting a 94.5% drop in net profit for Q1 of 2019, worst in decades. UK Sunderland is hoping to avoid job cuts but Nissan has announced that the new X-Trail auto will be built in Japan and exported rather than in the UK due to the Brexit uncertainty.

    Link to comment
    Share on other sites

    18 minutes ago, dfelt said:

    BBC is reporting that Nissan has finalized the cuts as 12,500 jobs globally on top of assembly plant closures. 6,400 lay offs have already happened at eight locations. The rest will be done by the end of the year. They also plan to shed an additional 6,100 global jobs between 2020 and 2022 at six additional locations.

    https://www.bbc.com/news/business-49109307

    This is in addition to reporting a 94.5% drop in net profit for Q1 of 2019, worst in decades. UK Sunderland is hoping to avoid job cuts but Nissan has announced that the new X-Trail auto will be built in Japan and exported rather than in the UK due to the Brexit uncertainty.

    Yes, It's in my report above. 

    • Thanks 1
    Link to comment
    Share on other sites



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.


  • google-news-icon.png



×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search